A new law now allows enforcement officers to use online listings/ads as sufficient evidence to fine owners.It is estimated that there are 8,000 illegal STRs on Oahu.  

FHA versus Fannie is simple if the metrics are excellent credit, mid-to low DTI, down payment, No gaps or issues with employment and the property is self sufficient in debt service.

This is due to the FHA self sufficiency test, which is basically that for a 3 or 4 unit property 75% of rents will cover the ENTIRE PITI.

I also had the ability to recollaterialize (or move) those notes to another or more than one property, as long as there was equity and cash flow sufficient to pay the notes placed thereon.

Ultimately this person should free you up to work on much higher $/hour tasks, so a couple dollars per hour difference in wages is not a big deal.The biggest 3 mistakes I was making (and I think many others make) are:1 Micromanaging2 Expecting a rockstar3 Not providing sufficiently detailed instructions

It's near impossible to do a low down 3-4 unit in the Bay area because of the self-sufficiency test (If you plan on using an FHA, ask your realtor if you can do an FHA for 3-4 unit; this will easily separate out experienced realtors from others).

If you only have $5,000 liquid, you probably should evaluate whether you are sufficiently capitalized to do house flipping.

Your learning curve for the next asset class is shorter and flatter than the first, and easier for the 3rd and 4th.You get in trouble when you try underwriting an asset class/location you are unfamiliar with without sufficient checks.

To put this into perspective, the current requirements stand at 15% for 2-unit properties and a substantial 25% for 3-4 unit properties.This change directly addresses the self-sufficiency concerns often associated with FHA 3-4 unit properties, benefiting both buyers and sellers in the process.This program has no max income requirements, and no first time homebuyer requirements.Very exciting news!

Would they be sufficient for renting out rooms?